Core Viewpoint - CITIC Financial Asset Management Company (02799.HK) has increased its stake in Everbright Bank to 9%, following a strategic plan to enhance its business channels and optimize its business structure [2][4]. Group 1: Stake Acquisition - CITIC Financial Asset has rapidly implemented its plan to acquire shares in Everbright Bank, spending approximately RMB 39 billion to achieve this [2][4]. - The company first entered Everbright Bank in March 2023 by converting 140 million convertible bonds into 4.185 billion A-shares, resulting in a 7.08% ownership stake [3]. - By November 2025, CITIC Financial Asset had increased its holdings to 9% through additional purchases of A-shares and H-shares [4]. Group 2: Financial Performance - From 2023 to the first half of 2025, CITIC Financial Asset reported a total net profit attributable to shareholders of RMB 175.52 billion [2][6]. - In the first half of 2025, the company achieved a total revenue of RMB 311.36 billion, with a net profit of RMB 61.68 billion, reflecting a year-on-year growth of 15.7% [6][7]. - The company's core business in non-performing asset management saw significant growth, with revenue reaching RMB 305.98 billion and a pre-tax profit of RMB 121.41 billion, marking increases of 58.3% and 522.4% respectively [7]. Group 3: Business Strategy - CITIC Financial Asset is focusing on expanding its non-performing asset management business while reducing traditional acquisition and restructuring activities [6][7]. - The company aims to leverage national policy opportunities and industry transitions to enhance its business structure and promote high-quality development in asset acquisition and disposal [7][8]. - As of mid-2025, CITIC Financial Asset's total assets reached RMB 1.01 trillion, with a 2.7% increase from the previous year [7].